ITI Small Cap Fund

Small CapDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

ITI Small Cap Fund is a Small Cap fund run by ITI Mutual Fund. On 30-09-2026, it managed ₹3,666 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 22.1% a year and its Regular plan returned 20.2% a year. Its benchmark, Nifty Smallcap 250 TRI, returned 12.3% a year over the same 3 years.

NAV (Direct plan): ₹36.08; ▼ 1.27%30-10-2026
NAV (Regular plan): ₹31.90; ▼ 1.28%30-10-2026
Expense ratio: 0.84%Direct2.21%Regular; 0.84%; A year
Riskometer: Very High; Set by the fund house
3 year return: 22.1%Direct20.2%Regular; 22.1%; A year

ITI Small Cap Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹36.08 (down 1.27% that day); Regular Plan Growth ₹31.90 (down 1.28% that day).

This fund (Direct plan)

₹36.0751

ITI Small Cap Fund Returns vs Nifty Smallcap 250 TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−4.66%	−0.93%	+10.45%	+11.05%	+22.07%	+17.21%	--
This fund (Regular)	−4.76%	−1.27%	+9.66%	+9.47%	+20.19%	+15.23%	--
Nifty Smallcap 250 TRI	−5.78%	−5.87%	+0.62%	−3.15%	+12.35%	+13.11%	+13.34%
Small Cap average	−5.86%	−3.28%	+5.03%	+3.00%	+14.03%	+14.51%	--
Best in Small Cap	−2.98%	+10.76%	+19.23%	+19.98%	+22.07%	+18.46%	--
Worst in Small Cap	−11.16%	−7.95%	−4.62%	−10.42%	+8.13%	+10.69%	--
Rank in Small Cap	5/36	5/36	5/36	4/31	1/24	4/21	--

Category rows compare the Direct plans of 36 Small Cap funds. Rank 1 is the highest return.

ITI Small Cap Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty Smallcap 250 TRI
2026to date	+15.04%	+13.72%	+1.00%
2025	−2.54%	−3.98%	−5.48%
2024	+36.28%	+33.98%	+27.21%
2023	+54.63%	+51.93%	+49.09%
2022	−2.37%	−4.35%	−2.64%
2021	+34.93%	+31.97%	+63.34%

ITI Small Cap Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 906 periods, one for each trading day from 20-02-2023 to 30-10-2026.

0%10%20%30%40%50%

Jun 2020
to
Jun 2023Jan 2021
to
Jan 2024Sept 2021
to
Sept 2024Apr 2022
to
Apr 2025Dec 2022
to
Dec 2025Jul 2023
to
Jul 2026

ITI Small Cap Fund (Direct)Nifty Smallcap 250 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	1,400	19.6%	−19.0%	113.9%	18%	16.3%	65%
2 years	1,153	24.3%	5.0%	56.1%	0%	24.3%	62%
3 years	906	26.6%	14.5%	36.3%	0%	24.7%	54%
5 years	416	21.8%	15.9%	36.7%	0%	23.3%	40%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	69	23.3%	−27.1%	93.5%	19%	19.5%	65%
2 years	57	17.9%	−4.4%	62.0%	4%	17.3%	74%
3 years	45	23.4%	8.0%	43.3%	0%	22.2%	69%
5 years	21	22.9%	14.9%	26.9%	0%	18.5%	95%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty Smallcap 250 TRI over the same days. Past returns do not promise future returns.

ITI Small Cap Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	ITI Small Cap Fund (Direct)This fund	Nifty Smallcap 250 TRI
Return (CAGR)	+11.05%	−3.15%
Standard deviation	18.41%	17.96%
Sharpe ratio	0.32	-0.47
Sortino ratio	0.44	-0.63
Maximum drawdown	−15.2% (23-03-2026)	−18.2% (23-03-2026)
Beta	0.98	1.00
Alpha	+14.07%	0.00%

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	ITI Small Cap Fund (Direct)This fund	Nifty Smallcap 250 TRI
Return (CAGR)	+22.07%	+12.35%
Standard deviation	19.22%	19.08%
Sharpe ratio	0.83	0.33
Sortino ratio	1.12	0.44
Maximum drawdown	−24.2% (03-03-2025)	−26.0% (03-03-2025)
Beta	0.98	1.00
Alpha	+9.83%	0.00%

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	ITI Small Cap Fund (Direct)This fund	Nifty Smallcap 250 TRI
Return (CAGR)	+17.21%	+13.11%
Standard deviation	18.13%	18.50%
Sharpe ratio	0.63	0.40
Sortino ratio	0.83	0.51
Maximum drawdown	−29.2% (20-06-2022)	−26.6% (20-06-2022)
Beta	0.94	1.00
Alpha	+4.52%	0.00%

From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	ITI Small Cap Fund (Direct)This fund	Nifty Smallcap 250 TRI
Return (CAGR)	+21.13%	+20.11%
Standard deviation	19.88%	20.13%
Sharpe ratio	0.80	0.74
Sortino ratio	1.04	0.96
Maximum drawdown	−39.9% (24-03-2020)	−42.7% (24-03-2020)
Beta	0.94	1.00
Alpha	+1.86%	0.00%

From daily NAVs, 19-02-2020 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−50%−40%−30%−20%−10%0%

202120222023202420252026

ITI Small Cap Fund (Direct)Nifty Smallcap 250 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
ITI Small Cap Fund (Direct)	−39.9%	19-02-2020	24-03-2020	26-08-2020	5 months	−8.2%
Nifty Smallcap 250 TRI	−42.7%	20-02-2020	24-03-2020	15-09-2020	6 months	−9.4%

From the Direct plan's daily NAV since 19-02-2020, adjusted for unit splits, and Nifty Smallcap 250 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

ITI Small Cap Fund vs Other Small Cap Funds

The five Small Cap funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
ITI Small Cap Fund	1/24	3,666	0.84%	+11.05%	+22.07%	+9.83%	0.98	0.83	1.12
Bandhan Small Cap Fund	2/24	34,176	0.65%	+0.99%	+21.67%	+11.21%	0.91	0.90	1.23	Compare
Invesco India Small cap Fund	3/24	16,131	0.64%	+6.15%	+20.29%	+9.79%	0.92	0.80	1.09	Compare
Bank of India Small Cap Fund	4/24	3,671	0.81%	+16.64%	+18.62%	+6.63%	0.94	0.67	0.90	Compare
Mahindra Manulife Small Cap Fund	5/24	5,373	0.93%	+6.31%	+18.00%	+7.33%	0.96	0.66	0.88	Compare

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

ITI Small Cap Fund Expense Ratio and Costs

What each plan charges a year, in force from 21-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Small Cap median	Cost rank (1 = cheapest)
Direct	0.45%	0.10%	0.01%	0.28%	0.84%	0.91%	15/36
Regular	1.65%	0.10%	0.01%	0.45%	2.21%	2.06%	22/36

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Small Cap funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	9.47%	11.05%	1.58%	₹1,09,470	₹1,11,050
3 years	20.19%	22.07%	1.88% a year	₹1,73,622	₹1,81,898
5 years	15.23%	17.21%	1.98% a year	₹2,03,155	₹2,21,219

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

ITI Small Cap Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 19-02-2020 to 30-10-2026: 81 instalments, ₹8,10,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planITI Small Cap Fund (Direct)	₹8,10,000	₹17,16,897	₹9,06,897	22.0%
Regular planITI Small Cap Fund (Regular)	₹8,10,000	₹15,96,893	₹7,86,893	19.8%
Nifty Smallcap 250 TRI	₹8,10,000	₹14,81,559	₹6,71,559	17.6%
Category averageCategory average, 36 Small Cap funds	₹8,10,000	₹16,02,659	₹7,92,659	19.9%

₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L

202120222023202420252026

Direct planITI Small Cap Fund (Direct)Regular planITI Small Cap Fund (Regular)Nifty Smallcap 250 TRICategory averageCategory average, 36 Small Cap fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

ITI Small Cap Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

94.7%Equity

Asset	Fund	Category
Equity	94.7%	93.6%
Cash and others	5.3%	5.8%

Market cap of stocks

Market cap	Fund	Category
Large Cap	7.3%	4.8%
Mid Cap	20.1%	10.9%
Small Cap	62.5%	73.6%
Not on AMFI's list	4.9%	4.2%

Share of the whole fund. Category: the average of the Small Cap funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

ITI Small Cap Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Pharmaceuticals & Biotechnology12.1%
Industrial Products9.8%
Auto Components8.6%
Banks7.8%
Electrical Equipment7.4%
Capital Markets4.8%
Consumer Durables4.0%
Chemicals & Petrochemicals3.9%
Retailing3.9%
Finance3.6%

The ten largest of 28 sectors. The other 18 add up to 28.9%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Pharmaceuticals & Biotechnology	12.2%	12.0%	12.1%	−0.1%
Industrial Products	9.9%	10.1%	9.8%	−0.1%
Auto Components	8.0%	8.5%	8.6%	+0.6%
Banks	8.6%	7.2%	7.8%	−0.8%
Electrical Equipment	5.9%	6.6%	7.4%	+1.5%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

ITI Small Cap Fund Portfolio Holdings

As on 30-09-2026 · 86 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
Acutaas Chemicals Limited	Pharmaceuticals & Biotechnology	3.55%	0.0%
Welspun Corp Limited	Industrial Products	2.89%	0.0%
Laurus Labs Limited	Pharmaceuticals & Biotechnology	2.36%	−3.7%
VA Tech Wabag Limited	Other Utilities	1.98%	0.0%
Karur Vysya Bank Limited	Banks	1.93%	0.0%
Wockhardt Limited	Pharmaceuticals & Biotechnology	1.90%	+8.0%
Multi Commodity Exchange of India Limited	Capital Markets	1.88%	+5.0%
Cartrade Tech Limited	Retailing	1.79%	0.0%
GNG Electronics Ltd	IT - Hardware	1.77%	0.0%
Radico Khaitan Limited	Beverages	1.73%	0.0%
Apar Industries Limited	Electrical Equipment	1.68%	+1.7%
Sai Life Sciences Limited	Pharmaceuticals & Biotechnology	1.60%	0.0%
Neuland Laboratories Limited	Pharmaceuticals & Biotechnology	1.57%	0.0%
Kirloskar Oil Engines Limited	Industrial Products	1.56%	−8.1%
Navin Fluorine International Limited	Chemicals & Petrochemicals	1.53%	0.0%
Sona BLW Precision Forgings Limited	Auto Components	1.52%	0.0%
Arvind Limited	Textiles & Apparels	1.50%	0.0%
Tenneco Clean Air India Limited	Auto Components	1.49%	+4.2%
PTC Industries Limited	Industrial Products	1.48%	0.0%
Quality Power Electrical Eqp Ltd	Electrical Equipment	1.47%	+4.5%
Solar Industries India Limited	Chemicals & Petrochemicals	1.37%	+0.7%
ZF Commercial Vehicle Control Systems India Limited	Auto Components	1.34%	0.0%
Shaily Engineering Plastics Limited	Consumer Durables	1.33%	0.0%
Jyoti CNC Automation Ltd	Industrial Manufacturing	1.32%	0.0%
TD Power Systems Limited	Electrical Equipment	1.31%	+2.5%
Ather Energy Limited	Automobiles	1.30%	+5.4%
Sedemac Mechatronics Limited	Auto Components	1.26%	0.0%
Aster DM Quality Care Limited	Healthcare Services	1.25%	−6.4%
Hitachi Energy India Limited	Electrical Equipment	1.17%	+15.3%
RBL Bank Limited	Banks	1.17%	0.0%
Craftsman Automation Limited	Auto Components	1.16%	0.0%
Torrent Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	1.15%	0.0%
Hindustan Copper Limited	Non - Ferrous Metals	1.08%	0.0%
Thermax Limited	Electrical Equipment	1.07%	+9.6%
Eternal Limited	Retailing	1.06%	0.0%
Gabriel India Limited	Auto Components	1.05%	−5.2%
One 97 Communications Limited	Financial Technology (Fintech)	1.05%	−5.3%
Smartworks Coworking Spaces Ltd	Commercial Services & Supplies	1.04%	0.0%
The Federal Bank Limited	Banks	1.04%	0.0%
Ujjivan Small Finance Bank Limited	Banks	1.03%	+7.6%
Prasol Chemicals Limited	Chemicals & Petrochemicals	1.02%	New
KSB Limited	Industrial Products	1.02%	0.0%
BSE Limited	Capital Markets	1.02%	−4.5%
Urban Company Ltd.	Retailing	1.01%	+2.9%
Inox India Limited	Industrial Products	1.01%	0.0%
Aditya Birla Capital Limited	Finance	1.00%	0.0%
Affle 3i Limited	IT - Services	0.98%	0.0%
Graphite India Limited	Industrial Products	0.98%	+14.4%
Inventurus Knowledge Solutions Limited	IT - Services	0.97%	+3.1%
Anant Raj Limited	Realty	0.95%	0.0%
City Union Bank Limited	Banks	0.95%	−6.0%
Dixon Technologies (India) Limited	Consumer Durables	0.95%	+4.3%
Kajaria Ceramics Limited	Consumer Durables	0.94%	0.0%
Manappuram Finance Limited	Finance	0.92%	+3.4%
Cholamandalam Financial Holdings Limited	Finance	0.92%	+46.5%
DCB Bank Limited	Banks	0.91%	+352.7%
Sumitomo Chemical India Limited	Fertilizers & Agrochemicals	0.91%	0.0%
Krishna Institute Of Medical Sciences Limited	Healthcare Services	0.90%	−5.1%
Titagarh Rail Systems Limited	Industrial Manufacturing	0.90%	0.0%
Shadowfax Technologies Limited	Transport Services	0.89%	−2.2%
Cemindia Projects Ltd	Construction	0.87%	+4.6%
Shiprocket Limited	Transport Services	0.83%	+12.3%
Paradeep Phosphates Limited	Fertilizers & Agrochemicals	0.82%	0.0%
Vedanta Aluminium Metal Limited	Non - Ferrous Metals	0.82%	0.0%
Nippon Life India Asset Management Limited	Capital Markets	0.79%	0.0%
Home First Finance Company India Limited	Finance	0.79%	+20.7%
Ingersoll Rand (India) Limited	Industrial Products	0.79%	0.0%
KFin Technologies Limited	Capital Markets	0.78%	0.0%
Shipping Corporation Of India Limited	Transport Services	0.77%	0.0%
Blue Star Limited	Consumer Durables	0.77%	0.0%
JK Cement Limited	Cement & Cement Products	0.76%	0.0%
Dhoot Transmission Ltd	Auto Components	0.74%	+127.5%
Bandhan Bank Limited	Banks	0.72%	+28.4%
Reliance Industries Limited	Petroleum Products	0.68%	+4.1%
MTAR Technologies Limited	Electrical Equipment	0.68%	New
Mazagon Dock Shipbuilders Limited	Industrial Manufacturing	0.65%	0.0%
Bharat Dynamics Limited	Aerospace & Defense	0.47%	−17.1%
Indo-MIM Limited	Industrial Manufacturing	0.45%	New
Inox Green Energy Services Limited	Commercial Services & Supplies	0.41%	New
National Stock Exchange Of India Ltd	Capital Markets	0.35%	New
Aditya Birla Real Estate Limited	Realty	0.35%	0.0%
Aditya Infotech Limited	Industrial Manufacturing	0.27%	New
Leap India Limited	Commercial Services & Supplies	0.21%	−66.8%
ITI Dynamic Term Fund -Direct Plan -Growth Option		0.14%
ITI Banking and PSU Debt Fund -Direct Pl Gr Option		0.11%
BOROSIL RENEWABLES LIMITED	Industrial Products	0.09%	−84.9%

ITI Small Cap Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Laurus Labs Limited	Reduced	−3.7%	2.36%
Wockhardt Limited	Added	+8.0%	1.90%
Multi Commodity Exchange of India Limited	Added	+5.0%	1.88%
Apar Industries Limited	Added	+1.7%	1.68%
Kirloskar Oil Engines Limited	Reduced	−8.1%	1.56%
Ather Energy Limited	Added	+5.4%	1.30%
Tenneco Clean Air India Limited	Added	+4.2%	1.49%
Quality Power Electrical Eqp Ltd	Added	+4.5%	1.47%
Aster DM Quality Care Limited	Reduced	−6.4%	1.25%
Solar Industries India Limited	Added	+0.7%	1.37%
TD Power Systems Limited	Added	+2.5%	1.31%
Gabriel India Limited	Reduced	−5.2%	1.05%
Hitachi Energy India Limited	Added	+15.3%	1.17%
One 97 Communications Limited	Reduced	−5.3%	1.05%
BSE Limited	Reduced	−4.5%	1.02%
Thermax Limited	Added	+9.6%	1.07%
Urban Company Ltd.	Added	+2.9%	1.01%
Dixon Technologies (India) Limited	Added	+4.3%	0.95%
City Union Bank Limited	Reduced	−6.0%	0.95%
Ujjivan Small Finance Bank Limited	Added	+7.6%	1.03%
Prasol Chemicals Limited	New	New	1.02%
PB Fintech Limited	Sold out	−100%	was 0.99%
Graphite India Limited	Added	+14.4%	0.98%
Manappuram Finance Limited	Added	+3.4%	0.92%
Krishna Institute Of Medical Sciences Limited	Reduced	−5.1%	0.90%
Inventurus Knowledge Solutions Limited	Added	+3.1%	0.97%
Cholamandalam Financial Holdings Limited	Added	+46.5%	0.92%
DCB Bank Limited	Added	+352.7%	0.91%
Shadowfax Technologies Limited	Reduced	−2.2%	0.89%
Shiprocket Limited	Added	+12.3%	0.83%
Cemindia Projects Ltd	Added	+4.6%	0.87%
Leap India Limited	Reduced	−66.8%	0.21%
Home First Finance Company India Limited	Added	+20.7%	0.79%
Dhoot Transmission Ltd	Added	+127.5%	0.74%
Reliance Industries Limited	Added	+4.1%	0.68%
Bandhan Bank Limited	Added	+28.4%	0.72%
MTAR Technologies Limited	New	New	0.68%
Billionbrains Garage Ventures Ltd	Sold out	−100%	was 0.68%
Bharat Dynamics Limited	Reduced	−17.1%	0.47%
BOROSIL RENEWABLES LIMITED	Reduced	−84.9%	0.09%
Indo-MIM Limited	New	New	0.45%
Inox Green Energy Services Limited	New	New	0.41%
National Stock Exchange Of India Ltd	New	New	0.35%
Birla Corporation Limited	Sold out	−100%	was 0.31%
Aditya Infotech Limited	New	New	0.27%
Shakti Pumps (India) Limited	Sold out	−100%	was 0.03%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What ITI Small Cap Fund bought and sold

ITI Small Cap Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
TRUSTMF Small Cap FundSmall Cap · Trust	43.6%	37	Compare
Union Small Cap FundSmall Cap · Union	40.0%	40	Compare
HSBC Small Cap FundSmall Cap · HSBC	34.1%	33	Compare
Union Multicap FundMulti Cap · Union	32.9%	31	Compare
Kotak Nifty Alpha 50 ETFETF · Kotak Mahindra	30.1%	21	Compare
Kotak Nifty Alpha 50 Index FundIndex · Kotak Mahindra	30.1%	21	Compare
Motilal Oswal Nifty Alpha 50 ETFETF · Motilal Oswal	30.0%	21	Compare
Axis Multicap FundMulti Cap · Axis	29.6%	31	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

ITI Small Cap Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.84%
Expense ratio (Regular): 2.21%
Category: Small Cap
Risk: Very High
Benchmark: Nifty Smallcap 250 TRI
Launch date: 17-02-2020
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹3,666.32 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 147919
ISIN (Direct): INF00XX01747
Scheme code (Regular): 147920
ISIN (Regular): INF00XX01713
NAV history: From 19-02-2020, 6.7 years

Exit load: Exit load of 0.50%, if redeemed within 3 months.

Tax on ITI Small Cap Fund returns

ITI Small Cap Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹36.0751	30-10-2026
direct	IDCW	₹34.1986	30-10-2026
regular	Growth	₹31.8997	30-10-2026
regular	IDCW	₹30.0759	30-10-2026

About ITI Small Cap Fund

ITI Small Cap Fund is a mutual fund from ITI Mutual Fund. Its category is Small Cap. It was launched on 17-02-2020. Its benchmark is Nifty Smallcap 250 TRI. At the end of September 2026 it held 86 securities.

Fund Manager

Dhimant Shah
Fund manager of ITI Small Cap Fund, since 08-08-2022
Alok Ranjan
Fund manager of ITI Small Cap Fund, since 08-05-2026

See all funds of ITI Mutual Fund

AUM change

September 2026: ₹3,666.32 Cr; +1.76% from August 2026
August 2026: ₹3,602.85 Cr; +4.31% from July 2026
July 2026: ₹3,454.00 Cr; +3.98% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare ITI Small Cap Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

ITI Small Cap vs Bandhan Small CapSmall Cap
ITI Small Cap vs Invesco India Small capSmall Cap
ITI Small Cap vs Bank of India Small CapSmall Cap
ITI Small Cap vs Mahindra Manulife Small CapSmall Cap
ITI Small Cap vs TRUSTMF Small Cap43.6% overlap
ITI Small Cap vs Union Small Cap40.0% overlap
ITI Small Cap vs HSBC Small Cap34.1% overlap
ITI Small Cap vs Union Multicap32.9% overlap

Compare with any other fund

Frequently Asked Questions for ITI Small Cap Fund

What is the current NAV of ITI Small Cap Fund?

The Direct plan NAV is ₹36.0751. The Regular plan NAV is ₹31.8997, as on 30-10-2026.

What are the returns of ITI Small Cap Fund?

The Direct plan returned +11.05% in 1 year, +22.07% a year over 3 years, +17.21% a year over 5 years. The Regular plan returned +9.47% in 1 year, +20.19% a year over 3 years, +15.23% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of ITI Small Cap Fund?

The Direct plan charges 0.84% a year. The Regular plan charges 2.21% a year. This is the figure the fund house reported to AMFI, in force from 21-10-2026.

What is the AUM of ITI Small Cap Fund?

ITI Small Cap Fund managed ₹3,666.32 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of ITI Small Cap Fund?

At the end of September 2026 the largest holdings were ACUTAAS (3.55%), WELCORP (2.89%), LAURUSLABS (2.36%), WABAG (1.98%), KARURVYSYA (1.93%). The fund held 86 securities in all.

What did ITI Small Cap Fund buy and sell in September 2026?

It bought 6 new stocks: Indo-MIM Limited, Prasol Chemicals Limited, Inox Green Energy Services Limited, National Stock Exchange Of India Ltd, Aditya Infotech Limited. It sold out of 4: Billionbrains Garage Ventures Ltd, Birla Corporation Limited, PB Fintech Limited, Shakti Pumps (India) Limited. It added shares in 24. It reduced 12.

How do I invest in ITI Small Cap Fund?

Through ITI Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of ITI Small Cap Fund?

Dhimant Shah (since 08-08-2022), Alok Ranjan (since 08-05-2026).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.